C3.ai (New York Stock Exchange:ai) is on track to snap its six consecutive sessions of gains, as the stock fell nearly 3% in afternoon trading Thursday. C3.ai traded in a tight range and gained 6% in the previous six sessions.
The company The software company, which will report its second-quarter earnings on Dec. 6, was trading at $29.11.
The stock rose nearly 8% in midday trading on Nov. 20 before giving up all of its gains amid developments surrounding Sam Altman’s ouster from OpenAI and his return to the same company as CEO.
C3.ai has more than doubled in value so far this year, suggesting investor appetite for artificial intelligence stocks.
However, analysts remain conservative on the stock. As for Seeking Alpha’s quantitative rating, C3.ai has a Hold rating with a score of 3.08 out of 5. The California-based company receives an A- for Momentum and a B+ for Growth, while its Outlook Profitability has been rated D-. .
Looking at the Wall Street community, three analysts give ai a Buy or better, while seven rate it a Hold. One analyst gave it a Sell recommendation and three analysts suggested a Strong Sell.
Analysts at Looking Alpha also view the stock as a Hold, with a score of 3.
“Considering that it is not yet profitable and that the growth rate is attractive but not ultra-strong, I do not think C3.ai is a must-have stock,” says Searching Alpha analyst Jonathan Weber.
